Gulf Coast Electric Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 590543772 ✦ Wewahitchka, FL ✦ Designated as a 501(c)(12)

Overview

What is Gulf Coast Electric Cooperative?

Gulf Coast Electric Cooperative, based in Wewahitchka, Florida, functions as an electric service provider catering to its members. The cooperative offers programs aimed at managing the costs associated with delivering electricity. In simpler terms, Gulf Coast Electric Cooperative is dedicated to providing reliable electric sales to its members, ensuring uninterrupted access to essential power.


Official website here: www.gcec.com

Is Gulf Coast Electric Cooperative legitimate?

Gulf Coast Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Gulf Coast Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $747,026
Professional Fundraising Fees: $0
Other Salaries and Wages: $920,171

For more financial information, click here


Official website here: www.gcec.com

What is the mission statement of Gulf Coast Electric Cooperative?

Gulf Coast Electric Cooperative is dedicated to delivering electric sales to its members. The cooperative provides various programs to help manage the costs associated with electrical service. In essence, its mission revolves around ensuring access to electricity for its members. The organization's efforts are geared towards maintaining a reliable electric infrastructure, which is crucial for the daily lives and well-being of its community. By focusing on affordable and sustainable electric solutions, Gulf Coast Electric Cooperative strives to contribute to the overall quality of life for those it serves.


Official website here: www.gcec.com

Who is the CEO of Gulf Coast Electric Cooperative?

John M Bartley Jr is the President of Gulf Coast Electric Cooperative. The CEO's salary of Gulf Coast Electric Cooperative is $326,359 and their total compensation is $340,581.


Official website here: www.gcec.com

What is the revenue of Gulf Coast Electric Cooperative?

Gulf Coast Electric Cooperative's revenue in 2022 was $58,628,084.


Official website here: www.gcec.com

Who are the executives of Gulf Coast Electric Cooperative and what are their salaries?

The average compensation at Gulf Coast Electric Cooperative during 2022 was $15,295. There are 109 employees at Gulf Coast Electric Cooperative.

Here are 16 key members and their salaries (Gulf Coast Electric Cooperative's CEO's salary is $326,359 and their total compensation is $340,581):

    John M Bartley Jr (Ceo)
  • Compensation: $326,359
  • Related: $0
  • Other: $14,222

    • Leonard Hinson (Coo)
  • Compensation: $261,727
  • Related: $0
  • Other: $8,218

    • Justin Barnes (Vp Of Member)
  • Compensation: $146,948
  • Related: $0
  • Other: $9,047

    • Michael Barfield (Foreman Of C)
  • Compensation: $130,931
  • Related: $0
  • Other: $7,648

    • Chad Creamer (Foreman Of C)
  • Compensation: $119,854
  • Related: $0
  • Other: $7,648

    • Timothy Wade (Operations S)
  • Compensation: $118,300
  • Related: $0
  • Other: $7,820

    • Howard Brackin (Super. Of Op)
  • Compensation: $118,980
  • Related: $0
  • Other: $7,015

    • Edward W Jones (Board Direct) [Trustee/Director]
  • Compensation: $19,100
  • Related: $0
  • Other: $0

    • Dwight Van Lierop (Board Direct) [Trustee/Director]
  • Compensation: $18,050
  • Related: $0
  • Other: $0

    • Rupert L Brown (Board Direct) [Trustee/Director]
  • Compensation: $17,750
  • Related: $0
  • Other: $0

    • Donald W Goodson (Vice Preside) [Trustee/Director]
  • Compensation: $16,350
  • Related: $0
  • Other: $0

    • Douglas C Birmingham (Treasurer) [Trustee/Director]
  • Compensation: $15,300
  • Related: $0
  • Other: $0

    • Betty J Moore (Secretary) [Trustee/Director]
  • Compensation: $14,250
  • Related: $0
  • Other: $0

    • Jimmy F Black Jr (President) [Trustee/Director]
  • Compensation: $13,900
  • Related: $0
  • Other: $0

    • Roberty L Byrd (Board Direct) [Trustee/Director]
  • Compensation: $13,200
  • Related: $0
  • Other: $0

    • Kinneth M Daniels (Board Direct) [Trustee/Director]
  • Compensation: $8,600
  • Related: $0
  • Other: $0


  • Official website here: www.gcec.com

    Where can I find the form 990 for Gulf Coast Electric Cooperative?

    The Gulf Coast Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.gcec.com

    Learn more at the official website: www.gcec.com

    Mission Statement of Gulf Coast Electric Cooperative

    Gulf Coast Electric Cooperative, a dedicated electric service provider, is committed to delivering electricity to its members in a mission-driven manner. This cooperative, located in Florida, strives to ensure that the costs associated with providing electrical service are covered through various programs.

    The primary objective of Gulf Coast Electric Cooperative is to provide reliable and sustainable electric service to its members. In pursuit of this goal, the cooperative offers programs designed to manage the expenses involved in delivering electricity to its community. By implementing these initiatives, the organization ensures the continuity of its services and maintains the trust of its members.

    Gulf Coast Electric Cooperative's unwavering dedication to its members extends beyond just providing electricity. By offering programs to manage the costs related to its services, the cooperative demonstrates its commitment to its community and its members' well-being. This financial stewardship allows the cooperative to maintain its focus on delivering high-quality electric service to its members while ensuring the long-term sustainability of its operations.

    Impact

    This information is meant to be a general summary of Gulf Coast Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Gulf Coast Electric Cooperative's impact is felt through its provision of essential electric sales to its members in Wewahitchka, FL. This cooperative plays a crucial role in ensuring that households and businesses have reliable access to electricity, which is vital for daily operations, safety, and comfort. By offering programs to cover expenses related to providing electrical service, Gulf Coast Electric Cooperative contributes to the well-being and economic development of its community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $309,521
  • Program Service Revenue: $58,049,292
  • Gross Receipts: $59,962,961

    • Assets and Liabilities:
  • Total Assets: $234,149,331
  • Total Liabilities: $161,031,125
  • Net Assets: $73,118,206
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SALE OF ELECTRICITY

    Revenue

    $49,744,460

    TYNDALL AFB CONTRACT REVENUE

    Revenue

    $6,560,453

    CAPITAL CREDITS

    Revenue

    $1,179,625

    POLE RENTAL

    Revenue

    $564,754

    Organization Details

    Founding Year

    1941

    Principal Officer

    John M Bartley Jr

    Main Address

    PO BOX 220, WEWAHITCHKA, FL, 32465

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Gulf Coast Electric Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.